HDFC merger boost lifts Sensex 446 pts; Nifty ends atop 18,800; VIX down 6%

CLOSING BELL ON JUNE 27, 2023: HDFC-HDFC Bank set July 01 as the merger date; stocks end with gains of around 1.5 per cent each. Cyient DLM IPO sails through on Day 1, subscribed 1.9x as of 3:50 PM.

3:05 PM

Market Check:: BSE Sensex at day's high, up nearly 400 points

2:59 PM

TCS gets external auditor to assist investigation of jobs-for-bribe scandal

Sources say probe will take 45 days to complete; company tells exchanges scam had no financial impact. READ MORE

2:48 PM

Tomato prices soar across country due to supply dip, cost Rs 80-100 per kg

Tomato prices have also skyrocketed in the southern state of Karnataka and its capital city Bengaluru as incessant rains have damaged the crop and made transportation difficult. READ MORE

2:37 PM

Hindenburg report 'targeted misformation', false allegations: Gautam Adani

American short seller Hindenburg Research’s report on the Adani Group in January was "targeted misformation" aimed to damage its reputation and misused by "vested interests", Gautam Adani, chairman of the Indian business conglomerate, has said. READ MORE

2:26 PM

ALERT:: HDFC-HDFC Bank merger will be effective from July 01

HDFC-HDFC Bank merger will be effective from July 01: Deepak Parekh to CNBC TV-18

- Shares of HDFC will go off the market from July 13

- Both companies to hold separate board meetings on June 30; it will be last meet for HDFC board
 

2:16 PM

CCI accuses France's Saint-Gobain of anti-competitive practices in India

The case against Saint-Gobain and its local unit was filed to the Competition Commission of India (CCI) in May by a retired glass industry executive, whose name was redacted in the documents. READ MORE

2:06 PM

ALERT:: RBI reschedules Bakri-Id holiday to June 29 from June 28

 

1:57 PM

ALERT:: Hindustan Aeronautics announces 1:2 stock split; Rs 15 dividend

The record date for the proposed stock split is September 29, 2023.

1:47 PM

ALERT:: Cyient DLM IPO sails through; Retail portion was bids up to 6X

Cyient DLM IPO was subscribed up to 1.2 times as of 01:40 PM. The retail quota saw bids of up to nearly 5 times, and non-institutional segment was subscribed 1.2 times.

1:38 PM

Microcaps may give alpha returns in bull market amid valuation comfort

Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns. READ MORE

1:28 PM

Asian Market Update:: Shanghai, Hang Seng rally up to 2.3%; Taiwan slips 1%

Source: Yahoo Finance

1:16 PM

Amara Raja up 2%; arm bags solar power project worth $130 mn

Amara Raja Infra has secured a new solar project worth $130 million in Bangladesh. READ

1:01 PM

Force Motors surges 10%, hits over 4-year high; zooms 129% in 3 months

Thus far in the month of June, the stock has surged 43 per cent after the company reported 30 per cent year-on-year and month-on-month jump in total sales at 2,645 units for the May month. READ

12:45 PM

ALERT: Tata Technologies IPO receives Sebi nod

This would be the first public issue from the Tata Group after nearly two decades.

12:31 PM

IIFL Securities zooms 5% as SAT stays SEBI order barring company from taking new clients for 2 years